Engineering Project Management Scope Time and Cost Management Coursera Quiz Answer [💯Correct Answer]

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Engineering Project Management Scope Time and Cost Management Answer

Week- 1: Reflection

1.
Question 1
Talk about a project that you’ve worked on that was affected by scope creep. Based on what you’ve learned so far in the course, what are some things you could have done to keep the project in scope?

1 point
What do you think?

To use the time in proper way.
Module 1 Quiz

1.
Question 1
Project Scope Management is defined as…

1 point

  • The processes required to ensure that the project includes all the work and all the potential additions of work required to complete the project successfully.
  • The processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.
  • The processes required to ensure that the project includes the vague idea of work required to complete the project successfully.

2.
Question 2
What is a key benefit of a Scope Management Plan?

1 point

  • A Scope Management Plan provides direction on how scope will be managed throughout the project.
  • A Scope Management Plan provides guidance on how scope will be managed throughout the project.
  • A Scope Management Plan provides guidance and direction on how scope will be managed throughout the project.

3.
Question 3
Which is a component of the Scope Management Plan?

1 point

  • Preparing a detailed project scope statement
  • Creating the work breakdown structure
  • Establishing how the WBS will be maintained and approved
  • All of the above

4.
Question 4
Who is responsible for choosing the most effective relationship for the project and documents this approach in the requirements management plan?

1 point

  • Project Manager
  • CEO of the company
  • Entry-level worker

5.
Question 5
Collect requirements is the process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives.

1 point

  • True
  • False

6.
Question 6
Requirements become the foundation of the WBS, which helps determine what?

1 point

  • Schedule
  • Quality Planning
  • Cost
  • All of the above

7.
Question 7
What is the purpose of a requirements traceability matrix

1 point

  • The requirements traceability matrix helps to ensure that each requirement adds structure to the project.
  • The requirements traceability matrix helps to ensure that each requirement adds business value by linking it to the business and project objectives.
  • The requirements traceability matrix helps to ensure that each requirement is agreed upon by all members of the project and stakeholders.

8.
Question 8
Scope is defined as…

1 point

  • The boundaries of the project location
  • The market where the product will be sold
  • The process of developing a detailed description of the project and product

9.
Question 9
Unlike the project charter, which contains a detailed description of the scope elements, the project scope statement contains high-level information.

1 point

  • True
  • False

10.
Question 10
What is the benefit of a Control Scope?

1 point

  • Allows the scope baseline to be maintained throughout the project Quality Planning
  • Ensures that all requested changes are processed
  • Can be used to manage the actual changes when they occur and is integrated with other control processes
  • All of the above
Peer-graded Assignment: Project Scope Statement

Download

Week- 2: Reflection

1.
Question 1
Reflect on the Electric Car Case. Discuss all the different ways you see to build the WBS. Then, decide which one you would choose as Project Manager for the project and explain your reasoning.

1 point
What do you think?

I choose electric car
Module 2 Quiz

1.
Question 1
What is the key benefit of a Work Breakdown Structure?

1 point

  • Process provides a structured version of what has to be delivered
  • Process provides a loose version of what may be delivered
  • Process provides a structured version of what has to be delivered plus additional add-on deliverables

2.
Question 2
“Work” refers to the work products or deliverables that are the result of activity, but does not refer to the activity itself.

1 point

  • True
  • False

3.
Question 3
The level of detail for work packages does not vary with what?

1 point

  • Size of project
  • Complexity of project
  • Name of project

4.
Question 4
What is the technique called that is used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts?

1 point

  • Composition
  • Decomposition
  • “Dividing Up”

5.
Question 5
What is often used to analyze the information needed to decompose the project deliverables down into smaller component parts?

1 point

  • Collaborative Judgement
  • Quality Judgment
  • Expert Judgement

6.
Question 6
What approach can be used to create a WBS structure?

1 point

  • Phases
  • Major Deliverables
  • Subcomponents
  • All of the above

7.
Question 7
The 100 percent rule is the total of the work at the highest levels should roll down to the lower levels so that nothing is left out and no extra work is performed.

1 point

  • True
  • False

8.
Question 8
A control count is a management control point where the project is analyzed against which parameters to determine if the project is on track?

1 point

  • Scope
  • Budget
  • Schedule
  • All of the above

9.
Question 9
What is a WBS Dictionary?

1 point

  • A document that provides detailed deliverables about each component in the WBS.
  • A document that provides scheduling information about each component in the WBS.
  • A document that provides detailed deliverable, activity, and scheduling information about each component in the WBS.

10.
Question 10
How many work packages should be identified in your WBS?

1 point

  • 100-200
  • 200-300
  • 250-350
Peer-graded Assignment: WBS Assignment

Download

Week- 3: Reflection

1.
Question 1
Think about a project and a project schedule that you put together. What sort of issues arose that created time delays? Were there ways to predict them? Now that you’ve experienced them, are there ways that you can use what you’ve learned in planning other projects?

1 point
What do you think?

We should know how to manage time
Module 3 Quiz

1.
Question 1
Plan Schedule Management is defined as…

1 point

  • The process of establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.
  • The process of establishing policies for planning, developing, managing, executing, and controlling the project schedule.
  • The process of establishing policies, procedures, and documentation for controlling the project schedule.

2.
Question 2
What influences the schedule management plan?

1 point

  • Existing schedule control policies and procedures
  • Project management software scheduling tools
  • Organizational work authorization systems
  • All of the above

3.
Question 3
Which is not a schedule management tool and technique?

1 point

  • Expert Judgement
  • Council
  • Analytical Techniques
  • Meetings

4.
Question 4
The final schedule management plan can be formal or informal, highly detailed or broadly framed, depending on the ______ of the project.

1 point

  • Size
  • Location
  • Needs

5.
Question 5
The key benefit of Sequence Activities is that it defines the logical sequence of the work to obtain the lowest efficiency given all project constraints.

1 point

  • True
  • False

6.
Question 6
Which is not a technique for sequencing activities?

1 point

  • Precedence Diagramming Model (PDM)
  • Dependency Determination
  • Independent Determination
  • Leads and Lags

7.
Question 7
The critical path method calculates early and late start and finish dates for all activities without regard for any resource limitations by performing a forward and backward pass analysis through the schedule network.

1 point

  • True
  • False

8.
Question 8
What is Slack/Float in Project Management?

1 point

  • Maximum amount of time a task may be delayed beyond its late start without delaying project completion.
  • Maximum amount of time a task may be delayed beyond its early start without delaying project completion.
  • Maximum amount of time the critical path may be delayed beyond its early finish date without delaying project completion

9.
Question 9
Schedule control is concerned with:

1 point

  • Determining the current status of the project schedule and if it has changes
  • Managing changes
  • Retrospective Reviews
  • All of the above

10.
Question 10
Which is not a tool or technique used for schedule control?

1 point

  • Performance Reviews
  • Scope
  • Scheduling Tool
Peer-graded Assignment: Project Schedule Assignment

1- Download

2- Download

Week- 4: Reflection

1.
Question 1
Think about a project that you’ve worked on. How did the estimates effect the project? Were they good or bad? What kinds of issues came up as a result of the estimates? Have you learned any strategies that could have made things run more smoothly?

1 point
What do you think?

They were good
Module 4 Quiz

1.
Question 1
What is the key benefit of a cost estimation?

1 point

  • It determines the amount of cost required to complete one project activity.
  • It determines the amount of cost required to charge for the project.
  • It determines the amount of cost required to complete project activities.

2.
Question 2
Which type of estimate is the most reliable when previous projects were similar in fact, not just appearance?

1 point

  • Analogous
  • Parametric
  • Three-point

3.
Question 3
What performance parameters do parametric models take into account?

1 point

  • Size
  • Volume
  • Power Requirements
  • All of the above

4.
Question 4
Bottom-up Estimating is a method for estimating the cost of a project based on the estimated cost of its component costs. The cost of individual work packages are estimated and the detailed costs are summarized or “rolled up” to higher levels.

1 point

  • True
  • False

5.
Question 5
Which is not one of the variables used in a three-point estimate?

1 point

  • Optimistic (cO)
  • Least Likely (cL)
  • Pessimistic (cP)

6.
Question 6
Which is a type of budgetary item used in a reserve analysis?

1 point

  • Contingency Reserves
  • Management Reserves
  • All of the above
  • None of the above

7.
Question 7
Which is a type of cost that is used for cost of conformance?

1 point

  • Internal Failure Costs
  • Appraisal Costs
  • External Failure Costs

8.
Question 8
In the basic formula for a capacity factored estimate, which does the C variable stand for?

1 point

  • Capacity of new unit
  • Capacity of existing unit
  • Purchased cost of existing unit
  • All of the above

9.
Question 9
What does the budget account for?

1 point

  • All the money spent on a project
  • All the money that could be spent on a project
  • Made up of smaller subaccounts
  • All of the above

10.
Question 10
What is not included in a budget?

1 point

  • True cost of project
  • Contingencies
  • Reserves
Peer-graded Assignment: Project Cost Assignment

Download

Week- 5: Reflection

1.
Question 1
Think about projects where you’ve had difficulties. How could you use tools from this course to identify problems and then correct them?

1 point
What do you think?

I will time reduction to solve my problems.
Module 5 Quiz

1.
Question 1
What do you do to figure out if the project is on budget and schedule?

1 point

  • Look at the weekly project memo
  • Perform an Earned Value Calculation
  • Ask your co-worker

2.
Question 2
A performance measurement baseline is established using what other baselines?

1 point

  • Scope baseline
  • Cost baseline
  • Schedule baseline
  • All of the above

3.
Question 3
What should NOT be considered when determining the level of management control for Earned Value Management?

1 point

  • Package activities are grouped in one WBS area
  • Each package should have a single owner
  • Estimated time for each package is accurate
  • Defined scope definition with clear boundaries for each package

4.
Question 4
Which is not a measurement used to assess project performance and progress when using Earned Value Management:?

1 point

  • Project Scope
  • Project Type
  • Project Schedule
  • Project Resources

5.
Question 5
What is the name of the total planned value of a project?

1 point

  • Budget at Completion
  • Earned Value
  • Planned Value

6.
Question 6
There is an upper limit to actual cost.

1 point

  • True
  • False

7.
Question 7
What are the types of progress used to track a project’s budget and schedule?

1 point

  • Over and under
  • On and off
  • On, over, and under

8.
Question 8
What is the expression for cost variance?

1 point

  • The difference between earned value and planned value.
  • The difference between planned value and actual cost.
  • The difference between earned value and actual cost.

9.
Question 9
What is the expression used to find the schedule performance index?

1 point

  • SPI = EV / PV
  • SPI = EV + PV
  • SPI = EV – PV

10.
Question 10
The cost performance index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ration of earned value to actual cost.

1 point

  • True
  • False
Peer-graded Assignment: Calculate Earned Value Assignment

Download

Week- 6: Course 2 Final Exam

1.
Question 1
Project Scope Management is defined as…

1 point

  • The processes required to ensure that the project includes all the work and all the potential additions of work required to complete the project successfully.
  • The processes required to ensure that the project includes the vague idea of work required to complete the project successfully.
  • The processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

2.
Question 2
What is the definition of Earned Value Management?

1 point

  • An approach that combines the schedule and cost baseline into a project performance and progress measurement tool.
  • An approach that combines the scope and cost baseline into a project performance and progress measurement tool.
  • An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool.

3.
Question 3
Which is a key requirement or deliverable needed to be collected and analyzed to complete the project scope?

1 point

  • Project Charter
  • Stakeholders
  • Prototypes
  • All of the above

4.
Question 4
What is often used to analyze the information needed to decompose the project deliverables down into smaller component parts?

1 point

  • Expert Judgement
  • Collaborative Judgement
  • Quality Judgement

5.
Question 5
What is the benefit of a Control Scope?

1 point

  • Allows the scope baseline to be maintained throughout the project Quality Planning
  • Ensures that all requested changes are processed
  • Can be used to manage the actual changes when they occur and is integrated with other control processes
  • All of the above

6.
Question 6
What is a Work Breakdown Structure?

1 point

  • A breakdown of a project into different parts that defines the scope of the project.
  • A hierarchical breakdown of a project into pieces, the smallest of which is called a piece package and defines the scope of the project.
  • A hierarchical breakdown of a project into manageable pieces, the smallest of which is called a work package, and defines the scope of the project.

7.
Question 7
Work packages are assigned to whom?

1 point

  • A group who is accountable for that package
  • An individual who is accountable for the package
  • The entire project team who is accountable for that package

8.
Question 8
Plan Schedule Management is defined as…

1 point

  • The process of establishing policies for planning, developing, managing, executing, and controlling the project schedule.
  • The process of establishing policies, procedures, and documentation for controlling the project schedule.
  • The process of establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.

9.
Question 9
Slack/Float is the maximum amount of time a task may be delayed beyond its early start without delaying project completion. Slack is should be estimated in what context?

1 point

  • An estimate’s preparation should be run like one task.
  • An estimate should match the Project WBS to facilitate the preparation of the Cost Baseline and Project Control.
  • An estimate is the most meaningful when it is by itself and should not be placed in context with the other baseline elements.
  • All of the above

10.
Question 10
Which is not a tool or technique used for schedule control?

1 point

  • Scope
  • Performance Reviews
  • Scheduling Tool

11.
Question 11
The Critical Path is the ______ path through a project that completes all required components.

1 point

  • Shortest
  • Middle
  • Longest

12.
Question 12
Contingency is the allocation of resources to cover assessed risk elements or a special monetary provision in the Project Budget and Indicated Total Cost to cover uncertainties or unforeseeable elements of time and/or cost within the specified scope of work and services control.

1 point

  • True
  • False

13.
Question 13
What is not included in a budget?

1 point

  • Contingencies
  • True cost of project
  • Reserves

14.
Question 14
A key element of successful project execution is making sure that all of the requirements are well understood by all.

1 point

  • True
  • False

15.
Question 15
What is the key benefit of a cost estimation?

1 point

  • It determines the amount of cost required to complete one project activity.
  • It determines the amount of cost required to charge for the project.
  • It determines the amount of cost required to complete project activities.

16.
Question 16
What is involved in a Control Schedule?

1 point

  • Quickly identifies deviations from the schedule and plan
  • Typically, done by measuring the current work by the work estimates based on time.
  • May require re-prioritization and change
  • All of the above

17.
Question 17
Which is not a type of schedule indices?

1 point

  • Cost Performance Index
  • Schedule Performance Index
  • Schedule Variance

18.
Question 18
The final schedule management plan can be formal or informal, highly detailed or broadly framed, depending on the _____ of the project.

1 point

  • Size
  • Needs
  • Location

19.
Question 19
The longer you wait to recognize an issue, the harder it will be to impact the outcome.

1 point

  • True
  • False

20.
Question 20
The cost performance index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ration of earned value to actual cost.

1 point

  • True
  • False

21.
Question 21
What do you do to figure out if the project is on budget and schedule?

1 point

  • Look at the weekly project memo
  • Ask your co-worker
  • Perform an Earned Value Calculation

22.
Question 22
What is the name of the total planned value of a project?

1 point

  • Earned Value
  • Budget at Completion
  • Planned Value

23.
Question 23
What is a key benefit of a Scope Management Plan?

1 point

  • Provides guidance and direction on how scope will be managed throughout the project.
  • Provides direction on how scope will be managed throughout the project.
  • Provides guidance on how scope will be managed throughout the project.

24.
Question 24
What is the expression for cost variance?

1 point

  • The difference between earned value and planned value
  • The difference between earned value and actual cost
  • The difference between planned value and actual cost

25.
Question 25
What is the key benefit of a Work Breakdown Structure?

1 point

  • Process provides a loose version of what may be delivered
  • Process provides a structured version of what has to be delivered
  • Process provides a structured version of what has to be delivered plus additional add-on deliverables

Conclusion

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